Meaning of Expenditure and Expenses: Expenditure refers to the total amount spent to acquire goods or services, while expense refers…
In pursuance of the explanation in section 25 of NI Act 1881, read with the Government of India, Ministry of…
The Reserve Bank of India on Tuesday placed on its website that the deepfake videos of the Governor are being…
(This article explains various methods of Depreciation such as the Straight Line Method, Diminishing Balance or Written Down Value (WDV),…
RBI on a review amended KYC Master Direction on November 06, 2024. "The amendment has been necessitated to (a) align…
All industries make long-term capital investments for growth. These capital assets may be plant and machinery, or intangible assets like…
Following are Bank Holidays for the year 2025 in the Telangana State declared under the provisions of section 25 of…
This article explains the meaning of Depreciation, Causes of Depreciation, Need for Depreciation, Factors of Depreciation, and revaluation of assets…
Before closing the ledger accounts, if the error is found you can rectify it without opening a suspense account. However,…
The errors in accounting take place due to wrong posting of transactions, wrong totaling or wrong balancing of the accounts,…